Charlty reglstration number 1113312
Company registratlon number 05087027 (England and Wales
MAKEBELIEVE ARTS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

MAKEBELIEVE ARTS
LEGALAND ADMINISTRATIVE INFORMATION
Patrons
Mr M Rosen
Trustees
G S Ingham
D Thacker
Ksscott
K M Hadfield
B D Mendoza
S Veale
Secretary
Mr B Moody
Charlty number
1113312
Company number
05087027
Reglstered offlce
The Cartoon House
la Bradford Road
Corsham
Wiltshire
SN13 OQR
Ind8pendent oxamlner
ART Accountants Llmlted
Ground Floor
11 Manvers Street
Bath
BA1 1JQ

MAKEBELIEVE ARTS
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activltles
Balance sheet
Notes to the financl81 statements
7-14

MAKEBELIEVE ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the
financial statements and comply with the company's Igoverning documentl, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} (effective 1 January 2019).
ObJe¢tlves and actlvltles
The company's objects are to advance education for the public benefit by the promotion of the arts, in particular
but not exclusively the arts of drama and storytelling.
The trustees have paid due regard to guidance issued by the Charity Commission in declding what activities the
company should undertake.
Hellcopter Storles:
This year Ihere has been a lot of inleresl in our work from Local Authorities across England, who bought a variety
of Onlin8 Learning packages from MakeBelieve Arts, some of which will run into 2*25. Thls Includes training in
Helicopter Stories and regular ￿llIght sessions to demonstrate the approach, with Isla Hill checking in at regular
intervals lo help with their progress. Each Local Authority has a cohort of schools and settings in which Helicopter
Stories has become an integral part. Helicopter Stories at Home is a new programme that schools and setting8
can use wilh their parents and carers. This is being used successfully by two Local Authorities.
H81i¢opter Stories on Demand is 8 fully comprehensive, step-by-step guide to the Helicopter Storie5 approach
Consisting of 25 films in which Trisha Lee talks about her work, alongside footage of children engaged in the
approach. The package includes one year of on demand access and is suitable for teachers, Early Yea
Practitioners and childminders. It was bought extensively by three Local Authorities and has sold well to
independent schools and settings. We estimate that 866 practitioners have been trained or are being trained In
Helicopter Stories in 2023-24.
Resourc88:
Prlncesses, Dragons and Helicopter Stories by Trisha Lee, published by Routledge In August 2015, and The
Woman Who Cooked Everything, published in house, have sold consistently throughout Ihe year and were also
bought in bulk by Local Authorities who are using the online packages.
'Growth of a Storyteller, by Trisha Lee, la follow up to 'Princesses, Dragons and Helicopter Storles,) was
published in July 2022, 'Dramatic Mathematics, by Trisha Lee and Isla Hill was published in November 2022 and
three picture books {It's Not Fair I Can't Remember, and It's Only Pretend) based on Helicopter Stories and
exploring common situations Ihat arise for children and teachers taking part in Helicopter Stories was published
in October 2022. Trlsha Lee will be wrlting a revised version of 'Princessgs, DTrgons and Helicopter Stories, in
2024-2025.
Curloslty Conference:
With funding from the Ironmongers Foundation, we were once again able to run a Curiosity conferen￿ at the
Ironmongers Hall in March 2024. This year the theme was based on World War 2. Four of our Creative
Associates visited each school, once by Zoom and ￿l¢e in person. During their visits they helped pupils to write
and rehearse their stories, working with one year group from either Year 3 to Year 5. Pupils were split into groups
to make up a story about an artefact they were given related to World War 2.
All five schools travelled to London in March 2024 to perform their stories at the Ironmongers Hal. The children
involved in the Curiosity Conference come from some of the most deprived backgrounds in the UK. Thanks to
this funding they had their ideas listened to and were able lo share Iheir stories via the performar£e. For many of
these ehildren, this w8S their first visit to London and also there first trip outside of their locd area. We engaged
139 children in the project. This will be our last Curiosity Conference. The Ironmongers will continue to fund our
work in our two local schools and to train six of their schools in Helicopter Stories.

MAKEBELIEVE ARTS
TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Paul Hamlyn More and Better:
The project ended in December 2023 after three years of funding, supporting MakeBelieve Arts to expand our
reach. We worked with two Local Authorities, Croydon and North Somerset, to establish Helicopter Stories in
Iheir areas alongside setting up local hubs in Kent and Wiltshire.
We were able lo visit 15 schools and settings in both areas to build on the first and second years and implement
the strands with regular visits and reports from the new cohort monthly via Zoom. In 2024-25 Paul Hamlyn have
agreed to fund MakeBelieve Arts for our work with SEND.
The Poetry Basket, The Story 8askat and The Chrlstmas Basket:
The Poetry Basket continues to sell worldwide. The Poetry Basket 2, which is theme based rather then seasonal,
and is purchased by yearly subscription (rather than a one-time fee), has been selling steadily and has 8 high
renewal rate with few people cancelling.
The Story Basketwhich Is also available for purchase on a subscription basls contains audio only stories,
verslons of each story to act out, and craft Ideas and thoughts for discussion. This is also seeing subscriptions
being renewed steadily.
The collectlon of baskets (including the annual release of The Chrlstmas Basket) are deslgned to be listened to
throughout the academic year. They include a host of activities and are suitable for chlldren aged 3 to 7. All the
baskets are prodU￿d in house to a very high standard.
Achlevements and performance
Onllne and Geographlcal Spread:
MakeBelieve Arts continued to dellver programmes across the UK, connecting with many areas of the United
Kingdom via online and On Demand training. The Poetry Basket alone has sold across every county in the UK
plus 33 other countries. We are still very much focused on continuing our strong lies with counties in the
Southeast and Southwest of the UK, with a particular emphasis on Wiltshire and Kent. Our online offers mean
that we are also able lo engage and sell more globally. We have strong Local Authority hubs In fourteen areas of
the UK. The Helicopter Stories on Demand is now belng used in 15 countries.
Flnanclal revlew
As des¢ribed in the Report of the Trustees, some areas of actlvlty have developed and other8 changed
significantly in the year.
The surplus for the year amounted to £18,760 {2023 - £34,188). At the yéar end, total unrestricted reserves
amounted to £221,13212023 - £202,372).
It is the pollcy of the company that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to between three and six month's expenditure. The Iru5tees conslder that
reserves al this level will ensure that, in the event of a significant drop in funding, Ihey will be able to continue the
company's currenl activities while con5ideralion15 given lo ways in which additional funds may be raised. This
level of reserves has been maintained throughout the year.
The trustees have considered the risks to which the charlty is exposed and believe that these will be mitlgated
by..
A body of trustees wilh the necessary experience and competence to supervise all the aspects of the
Trusts works., and
An effective system of internal control to ensure the ¢orrect operational procedures are observed and all
items and key issues are raised in the quarterly trustees meetings.

MAKEBELIEVE ARTS
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The company is a company limited by guarantee and was set up by a Memorandum of Association on 17 March
2004, as amended by a special resolution dated 4 January 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were..
G S Ingham
D Thacker
K S Scoti
K M Hadfield
B D Mendoza
S Veale
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company
and guarantee to contribute £1 In the event of 8 winding up.
MakeBelieve Arts Is a theatre and education company ihat works creatively with chlldren, young people and their
families, in schools and other educational and community settings. We operate from a base in Corsham.
Wiltshire, where we have a small office.
MakeBelieve Arts has a core staff of three. The admln hub Is based out of an office in Wiltshire and our
Education Director works from her base In Kent. Throughout the course of 2023-2024 we have continued
developing our relationships within Wiltshlre, Kent and the surrounding counties.
Trisha Lee leads the company as Artistic Director, Isla Hill 18 the Education Director based in Lamberhurst, Kent
and Bill Moody is the Adminlstrator working from our office in Corsham, Willshire.
The trustees meet quarterly to review and direct the operation of the charity.
The trustees have considered the Charity Commission's general guidance on public benefit in relation to the
objectives of the charity. This report sets out those objectives and describes how they have been met in the
current year.
The trustees, report was approved by the Board of Trustees.
S Ingham
Truslee

MAKEBELIEVE ARTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MAKEBELIEVE ARTS
I report on the financial statements of the company for the year ended 31 March 2024, which are set out on
pages 5 to 14.
Re8pectlve responslbllltles of trustees and oxamlner
The company's trustees, who are also the directors of MakeBelieve Arts for the purposes of company law, are
responsible for the preparalion of the financial statements. The trustees consider that an audit Is not required for
this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is
needed.
Having satisfied myself that the charity Is not subject to audit under company law and is eligible for Independent
examination, it is my responsibility to..
examine the financial statements under section 145 of the 2011 Act.,
{11) to follow the procedures laid down In the general Directions given by the Charity Commission under Section
145(5}(b} of the 2011 Act., and
(lil) to state whether particular matters have come to my attantion.
Basls of Independènt examln8r'8 report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the financial
statemen15 presented with those records. 11 also Includes consideration of any unusual items or disdosures in the
financial statements, and seeking explanations from you as trustees concemlng any such matters. The
procedures undertaken do not provide all the evidence that would be required in an audit and consequently no
opinion is given as lo whelher the financial statements present a 'true and fair view, and the report is limited to
those matters set out in the next statement.
Indepèndent examlner's statement
In connection with my examination, no matter has come to my attention..
(a) which gives me reasonable cause to believe that in any material respect the requirements:
(l) to keep accounting records in accordance with section 386 of the Companies Act 2006. and
{11) to prepare financlal statements which accord with the accounting records, comply with the accountlng
requirements of section 396 of the Companies Act 2006 and with the methods and principles of the
Statement of Recommended Practice.. Accounting and Reporting by Charities.,
have not been met or
(b) to which, in my opinion, attenlion should be drawn in order to enable a proper understanding of tt
financial statem8nls to be reached.
Mr P J Barton FCCA
ART Accountants Limlted
Chartered Certlfled Accountants
Ground Floor
11 Manvers Street
Bath
BA11JQ

MAKEBELIEVE ARTS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Notes
Income from:
Charitable activities
Investments
241,863
1,822
222,555
1,435
Total Income
243,685
223,990
Expendlture on:
Charitable activities
224,925
189,802
Total expendlture
224,925
189,802
Net Income and movement In fund8
18,760
34,188
Reconclllatlon of funds:
Fund balances at 1 April 2023
202,372
168,184
Fund balances at 31 March 2024
221,132
202,372
The statement of financial aclivities Includes all galns and losses recognised in the year. All income and expenditure
derive from continuing activities.

MAKEBELIEVE ARTS
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
10
3,239
2,919
Current assets
Debtors
Cash at bank and In hand
11
69.811
218,668
23,694
301,056
288,477
Credltors: amounts falllng due wlthln
one year
324,750
12
{70,584)
(125,297)
Not current assets
217,893
199,453
Total as88ts less current Ilabllltle8
221,132
202,372
The funds of the company
Unrestricted funds
221,132
202,372
221,132
202,372
The company is entitled lo the exemption from the audit requirement contalned in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complylng with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have nol required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476,
These financial statements have been prepared in arxordance with the provisions applicable to companies subject
to the small companies regime.
The financlal statemenls were approved by the trustees on
S Ingham
Trustee
D Thacker
Trustee
Company registration number 05087027 (England and Wales)

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclos
Charlty Informatlon
MakeBelieve Arts is a private company limited by guarantee incorporated in England and Wales. The
registered office is The Cartoon House, la Bradford Road, Corsham, Wltshire, SN13 OQR.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the company's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ('FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financlal
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The
company is a Publlc Benefit Entity as d8fined by FRS 102.
The company has taken advantage of the provlsions in the SORP for charltles not to prepare a Statement of
Cash Flows.
The financial stalemenls are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The principal accounting policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial statements, the trustees have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the golng concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in Ihe notes to the financial statements.
Endowment funds are subject to specific conditlons by donors that th8 capital must ba maintain•d by tha
company.
1.4 Income
Income is recognised when the company is legally entitled to il after any performance conditions have been
mel, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the company has been
notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable
in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipi or othemlse if the company has been notified of an impending
distribution, the amount is known, and receipt is expeded. If the amount is not known, the legacy is treated as
a contingent asset.

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
{Contlnued)
Donated professional services and donated facilities are recognised as Income when the charity has control
over the item, any conditions associated with the donated item have been met, the receipt of economi c benefit
from the use by the charity of the item is probable and that eGonomic benefil can be measured reliably. In
accordance with the Charities SORP (FRS 102), any general volunteer time is not recognised and will be
referred to in the trustees, annual report to recognised their contribution.
On receipt, donated professlonal services and donated facililies are recognised on the basis of the value of
Ihe gift to the charity which is the amount the charity would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in
expenditure in the period of receipt.
Income received in advanc8 of a theatrical performance or provision of other specified services is deferred
until the criteria for income recognition are met.
1.5 Exp8ndlture
All exp8nditure is accounted for on an accruals basis and has been included under expense categories that
aggregate all costs for allocation to activities. Vvhere costs cannot be directly attributed to part￿ular activities
they have been allocated to general expenditure.
Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading
for fijndraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the dellvery of Its acllvitles and
services for beneficiaries. It includes both Gosts that can be allocated directly to such activitles and those
costs of an indirect nature necessary to support them.
Governance costs are those incurred in connection with administratlon of the charity and compliance with
constitutional and statutory requirements.
1.6 Tanglble flxed assets
Tangibl8 fixed assets are inltlally measured at cost and subsequently measured at cost or valuation, net of
depreciation and any Impalrment losses.
Depreciation is recognised so as to write off the ¢ost or valuation of assels less their residual values over their
useful lives on the following bases:
Fixtures and fittings
Computers
250/0 Slraight line
250h Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the stalement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end date, the company reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
{Contlnuèd)
1.9 Flnanclal Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to 811 of its financial instruments.
Financial Instruments ere recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument,
Flnanclal assets and liabilities are offsel, with the net amounts presented in the financlal statemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
Interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of Ihe future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc financlal Ilabllltles
Basic financial liabilities, includlng credStors and bank loans are inltlally recognised at transaction pdce unless
the arrangement conslilutes a financing transaction, where the debt instrumenl is measured at the present
value of Ihe future payments discount8d at a market rate of interest. Financial liabilities classified as payable
within one year are not amortis8d.
Debt instruments are subsequently carried at amortised cost, using the effective Interest rate melhod.
Trade creditors are obligations to pay for goods or services that have been acquired In the ordin&y course of
operations from suppliers. Amounts payable ar8 classified as current liabililies if payment is due wlthin one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised Gost using the effective interest method.
Derecognitlon of linancial Ilabilltle8
Financial liabilities are dere¢ogni8ed when the company's contractual obligations expire or are discharged or
cancelled.
1.10 Taxatlon
The company is exempt from income and corporation taxes to the extent that income and gains are applled to
the charitable objectlve of the company.
1.11 Employee beneflts
The Cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Tennination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employm8nt of an employee or to provid8 termination benefits.
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall dua.

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltlcal accountlng estlmates and Judgement8
In the application of the company's accounting policies, the trust6ès are required to make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumplions are based on historical experience and other
factors that are considered to ba relevant. Actual results may differ from these estimates.
Th8 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recogni8ed in the period In which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Charltable actlvltles
Mor• and
Bgtter
2024
Hellcopter
Curloslty
Total
2024
Total
2023
2024
2024
Sales withln charltable aclivltles
34,980
161,130
45,753
241,863
222,555
Unrestricted funds
34,980
161,130
45,753
241,863
222,555
For the year ended 31 March 2023
Unrestricled funds
89,015
122,373
11,167
222,555
Income from Investments
Unrestrlcted Unrestrlctod
funds
funds
2024
2023
Interest receivable
1,822
1,435
10-

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable actlvities
More and Hellcopter
Better
Curlo81ty
Total
2024
Total
2023
Project delivery
Workshop costs
Communications and IT
Motor and travel costs
Staff training
1,275
1,016
12,969
605
10,585
8,782
17,334
1,822
29,194
11,800
12,969
6,894
13,333
7,489
14,001
3,579
549
2,077
4,212
15,865
21,424
23,368
60,657
38,951
Share of support costs (see note 6)
Share of governance costs {see note
19,115
121,568
22,385
163,088
149,651
6)
1,200
1,200
1,200
34,980
144,192
45,753
224,925
189,802
Analys18 by fund
Unrestricted funds
34,980
144,192
45,753
224,925
34,980
144,192
45,753
224,925
For the year ended 31 March 2023
Unrestrlcted funds
89,015
89,620
11,167
189,802
89,015
89,620
11,167
189,802
11

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvltles
2024
2023
Staff costs
Depreciation
Advertislng and marketing
Establishment costs
Communications and IT
Insurance
Other Office costs
Staff training
Accountancy
Governan￿ costs
134,673
1,079
13,670
822
6,699
1,023
3,672
125,328
973
10,567
1,598
4,457
1,037
3,583
904
1,204
1,200
1,430
1,200
164,268
150.851
Analysed between:
More and Better
Helicopter
Curioslty
19,115
122,768
22,385
82,789
82,619
5,443
184.268
150,851
Net movement In funds
2024
2023
The net movement in funds is stated after charglngl(crediting)'.
Depreciation of owned tangible fixed assets
1,079
973
Trustoes
None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the
Company during the year.
12-

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Numbor
Number of Employees
Employmont costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
122,980
8,203
3,510
114,446
7,649
3,233
134,673
125,328
There were no employees whose annual remuneration was £60,000 or more,
10 Tanglble flxed assets
Flxturos and
flttlngs
omput•rn
Total
Cost
At 1 April 2023
Additions
4,750
19,912
1,399
24,662
1,399
At 31 March 2024
4,750
21,311
28,061
Depreclatlon and Impalrment
At 1 April 2023
Depreciation charged in the year
4,750
16,993
1.079
21,743
1,079
At 31 March 2024
4,750
18,072
22,822
Carrylng amount
At 31 March 2024
3,239
3,239
At 31 March 2023
2,919
2,919
11 Debtors
Amounts falllng due wlthln one year:
2024
2023
Trade debtors
69,811
23,694
13-

MAKEBELIEVE ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Credltors: amounts falllng due wlthln one year
2024
2023
Notes
Deferred income
Accruals
69,205
1,379
123,918
1,379
70,584
125,297
13 Unrestrlcted funds
The ijnrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for speclfic purposes.
At 1 Aprll
2023
Incomlng
resources
Regouree8 At 31 March
oxpended
2024
General funds
202,372
243,685
(224,925)
221,132
Prevlous year:
At 1 Aprll
2022
Incomlng
resources
Resources At 31 March
exponded
2023
General funds
168,184
223,990
{189,802)
202,372
14-